Business overheads insurance

All businesses are different. However, the one thing they all have in common is overhead expenses. Normally there are key people in the business who bring in the revenue required to cover these bills, but what happens if one of these key people can no longer work?

Business overheads insurance provides your business with a temporary source of income should a key person become disabled. This helps relieve your business from financial strain, and protects its sustainability and future growth. In this way you’ll be rewarded for all the hard work you’ve put in, even when times get tough.

Benefits

If a key person in your business becomes disabled, you’ll receive a monthly amount to cover the rent, telephone costs, water and electricity, and the salaries of staff who don’t generate turnover.

It helps safeguard business goodwill and ensures that the business functions well over the long term.

It gives you confidence that your business will be protected at all times.

Business overheads insurance provides a temporary source of income should a key person in your business become disabled.

Is business overheads insurance right for me?

I want to ensure that my business expenses will be covered if a key person can no longer work.

The person you're taking out the policy for has more than a 25% share in the business and contributes more than 20% of its turnover.

The person you're taking out the policy for is employed fulltime.

Monthly premiums depend on the individual key person’s characteristics, the size and nature of the business, as well as underwriting.